Lord Sebastian Coe, winner of two Olympic Games gold medals, will re-join Fortescue Metals Group as a non-executive director.
Coe was a founding director of the iron ore miner, previously sitting on the company’s board from 2003–2004.
He was a member of the British Olympic Games athletics team at Moscow in 1980 and Los Angeles in 1984, winning a gold medal in the 1500m at both competitions. He also won silver medals in the 800m at both Olympic Games.
Coe is currently a senior advisor with Morgan Stanley and a non-executive director of Vitality Group. In 2017, he became Chancellor of Loughborough University, having previously been Pro Chancellor of the University.
Based in the United Kingdom, Coe is the executive chairman of CSM Sport and Entertainment, within Chime Communications group. Coe was elected president of the International Association of Athletics Federations (IAAF) in 2015.
Coe commented: “I’ve watched Fortescue grow with great pride having been appointed a founding director of the company in 2003. It is a real privilege to be invited to join Fortescue again for the next exciting phase of its growth.”
He previously served as chairman of the British Olympic Association and chairman of the organising committee for the London 2012 Olympic Games and Paralympic Games.
Fortescue chairman Andrew Forrest welcomed Coe’s return to the company, saying he brought a unique perspective through his experience in business, marketing and politics across the European Union, India and other markets.
“His substantial profile in those markets, where Fortescue is successfully deepening relationships and marketing its products, will make a valuable addition to our board as we move to our next phase of growth and development,” Forrest said.